Structured as a suite of mortgage investment corporations (MICs), CMI MIC Funds provides capital for first and second mortgages in urban centers, primarily in Ontario, with an expanding portfolio in the rest of Canada. Our investors have the opportunity to invest in a diversified pool of residential mortgages with targeted annual returns ranging from 6-11%, depending on the fund.
With over $600M of successful mortgage placements since inception, our underwriting arm, CMI Mortgage Investments, has a strong track record in delivering results year after year. CMI’s roots begin in the mortgage lending industry and, over many years, we have expanded our services to offer opportunities for private investors to get involved in the mortgage market. Investors can reap the benefit of investing alongside an experienced lender while enjoying the confidence that comes from knowing their investment is backed by real estate.
CMI Mortgage Investments is responsible for all aspects of the underwriting process. We begin our loan analysis by reviewing and scrutinizing the applicants behind every mortgage through an extensive qualification process. After carefully reviewing the applicant’s financial capacity, we appraise the property and evaluate the risk exposure in addition to the yield potential.
The operator and manager of the MIC is a significant investor in the MIC. Being heavily invested in the MIC’s portfolio results in the management being highly motivated to achieve strong investment returns through active and prudent management ensuring a strong and sustainable performance of the MIC.
Substantial capital is required to fund even a small portfolio of mortgages and not every investor has access to the amount of capital required to build their own private portfolio on top of all the scrutiny and management involved. We created CMI MIC Funds for this reason – to provide access to all investors seeking to become a mortgage investor.
The CMI MIC focuses filling a gap within the marketplace. Recently banks have began tightening their lending practices which creates an opportunity for alternative lenders like the CMI MIC to provide a valuable service to borrowers.
CMI’s team of lending experts manage a well-diversified mortgage pool with the mandate to provide capital preservation while offering a strong return. Those who invest in the CMI MIC gain access to a pool of well-diversified mortgages in the stable residential real estate markets. Our strategy for the fund consists of lending short-term mortgages and providing intelligent lending solutions to borrowers who do not qualify for traditional bank financing.
To our borrowers, we offer flexibility, creativity, and excellent service. Our mortgages are secured by all types of residential, multi-residential and commercial real estate located in Canada with a primary focus on Ontario, and must all be in strict compliance with our investment policies. The mortgage portfolio primarily consists of a broad mix of low, medium, and high yield first and second mortgages.
When you invest with CMI, you can rely on our extensive experience in the mortgage industry to produce stable and strong returns through our prudent underwriting and diversified industry background. We are proud to bring our experience and success to CMI MIC Funds.
With stability and capital preservation making up the primary pillar of our investment strategy followed by a steady yield, it is time to look at mortgage-based funds as an alternative income producing investment that provides diversification that traditional fixed-income products typically cannot.